Ethereum Burns $190 Million in 7 Days, Layer 2 Networks Boost Growth with Dencun Upgrade Expanding Total Addressable Market

Grayscale@Grayscale

2 years ago

Just this year, since January 1st, $ETH supply has decreased 0.086% due to its burn mechanism, largely driven by increased network utilization leading to an increase in fees. 🤔 https://t.co/DEUSAvpWvm

Thor@0xThoor

2 years ago

What happens with Ethereum profitability when rollup settlement costs are reduced by up to 90%? A 2-min analysis: ================== So EIP-4844 is scheduled for March 13th (next week). The hardfork brings 'Proto-Danksharding' which implements blob transactions intended for… https://t.co/CUoSZQtKXq

jonathan(love)wu@jonwu_

2 years ago

The rollup-centric roadmap + EIP-1559 creates a direct value transfer mechanism from new L2 token holders to $ETH holders. Rollups' obligation to Ethereum Right now rollups are spending ~$30m / month (~12,000 $ETH) publishing data to L1 (~15% of all fees paid on Ethereum). As…